Ares Management vlaga 200 milijonov v Solar Developer DSD

Mar 08, 2022

A fund managed by Ares Management's infrastructure and power strategy has made a 200 million (€178.2 million) preferred equity investment in US solar developer DSD Renewables.

S podporo BlackRock Real Assets je bil DSD sredi leta 2019 izločen iz družbe General Electric kot neodvisni razvijalec, financer, sredstvo na komercialnem in industrijskem trgu (CI), ki ga upravlja lastnik in upravljavec. Od takrat se je podjetje razširilo tudi na skupnostne pridobitve sončne energije in sredstev ter uvedlo svojo mrežo razvijalcev in platformo DSD Connect.

DSD intends to use the new funding to support its expanding project pipeline, expand its development network, support corporate needs, and fund asset acquisitions, the company said. The company's backlog of contracts and award-winning projects has surged by 150 percent in 2021, and its current pipeline exceeds 1 kilowatt of solar and energy storage.

Greg Fabso, chief financial officer of DSD, said: "The investment in Ares, coupled with the continued support of BlackRock Real Assets, will allow us to strategically build more of renewable energy projects, working with new partners and expanding our asset base to further scale." (1.0 = €0.891)